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Bancroft Fund Ltd. Declares Quarterly Dividend

MORRISTOWN, NJ -- (Marketwired) -- 05/20/14 -- The Board of Trustees of Bancroft Fund Ltd. (NYSE MKT: BCV) today declared a dividend of 12 cents ($0.12) per share, payable on June 27, 2014 to shareholders of record June 13, 2014. The dividend consists of net investment income.

Bancroft Fund Ltd. operates as a closed-end, diversified management investment company and invests primarily in convertible securities, with the objectives of providing income and the potential for capital appreciation; which objectives the Fund considers to be relatively equal, over the long-term, due to the nature of the securities in which it invests. Its shares are traded on the NYSE MKT Exchange under the ticker symbol BCV.

CUSIP# 059 695 106

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